COLUMBUS, Ohio--(BUSINESS WIRE)--
Installed Building Products, Inc. (the "Company" or "IBP"), announced
today the closing of its initial public offering of 8,567,500 shares of
its common stock, sold by the Company at a public offering price of
$11.00 per share. This includes the exercise in full by the underwriters
of their option to purchase up to 1,117,500 additional shares of common
stock from the Company at the same price. Including the proceeds from
the sale of these additional shares, the Company received total net
proceeds of approximately $87.6 million from the offering, after
deducting the underwriting discount, but before deducting estimated
offering expenses.
Deutsche Bank Securities and UBS Investment Bank acted as joint
bookrunners of the offering. Zelman Partners LLC acted as lead manager
and BB&T Capital Markets, KeyBanc Capital Markets and SunTrust Robinson
Humphrey acted as co-managers for the offering. Moelis & Company LLC
acted as financial advisor to IBP.
A registration statement relating to these securities was declared
effective by the Securities and Exchange Commission on February 12,
2014. This press release shall not constitute an offer to sell or the
solicitation of any offer to buy, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction. The offering of these securities was made only by means of
a prospectus. Copies of the final prospectus can be obtained from:
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Deutsche Bank Securities
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UBS Investment Bank
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Attention: Prospectus Group
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Attention: Prospectus Department
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60 Wall Street
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299 Park Avenue
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New York, NY 10005-2836
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New York, NY 10171
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Email: prospectus.cpdg@db.com
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Phone: (888) 827-7275
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Phone: (800) 503-4611
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About Installed Building Products
IBP, headquartered in Columbus, Ohio, is the second largest new
residential insulation installer in the United States based on its
internal estimates and an installer of complementary building products,
including garage doors, rain gutters, shower doors, closet shelving and
mirrors, throughout the United States. The Company manages all aspects
of the installation process for its customers, including direct
purchases of materials from national manufacturers, supply of materials
to job sites and quality installation. The Company serves the new
single-family residential, new multi-family, repair and remodel and
commercial building end markets.
Investor Relations:
614-221-9944
investorrelations@installed.net
or
Media:
Phil
Denning / Jason Chudoba
203-682-8246 / 646-277-1249
Phil.denning@icrinc.com
/ Jason.chudoba@icrinc.com
Source: Installed Building Products, Inc.
News Provided by Acquire Media
